Get out of Westgate Resorts

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Original Message:

Westgate Resorts Developer Services Department Affidavit stating you are NOT using an exit company (by Irene P.):

I have heard from many timeshare members who successfully disputed this punitive tax, given the timeshare member is left with nothing of value. In every case the 1099 was successfully disputed. Think of the spirit of the law. If you buy a boat for $10,000 and finance $10,000, but default after paying $5,000 but keep the boat, the tax is justified. In the case of timeshare, you are left with nothing of value. A timeshare member who defaulted on a loan and a tax preparer wrote this article. I'm not not an accountant, but an enrolled agent is a good resource as they are qualified to argue before the IRS.

When a high-ranking IRS official was asked about this, his answer was, "We're not going to change it because it's easy to get money out of old people."

https://tarda.org/f/the-timeshare-tax-trap-%E2%80%93-1099-c-questions-answered